City
Epaper

Inflation in China soared 2.8% in July

By IANS | Updated: August 9, 2019 10:35 IST

China's consumer price index, the main indicator of inflation, increased 2.8 per cent year-on-year in July, 0.1 per cent more than the two previous months, marking the highest rate so far this year, official figures showed on Friday.

Open in App

As in the case of June, the increase was driven by food prices, which rose 9.1 per cent, the National Bureau of Statistics figures revealed.

In this section, prices of fresh fruits registered an increase of 39.1 per cent year-on-year (although it was 6.2 per cent lower than in the previous month), while the price of pork - which has a high demand in China - increased by 27 per cent (7.8 per cent more than June) and the cost of eggs rose 10.9 per cent, reports Efe news.

The increase in non-food prices was 1.3 per cent, 0.1 per cent less than the previous month.

Prices in the services, health and education, and culture and entertainment sectors increased by 3.4 per cent, 2.6 per cent and 2.3 per cent, respectively.

In the healthcare sector, traditional Chinese medicine recorded a rise of 4.7 per cent, compared to 4.5 per cent witnessed by so-called "Western medicine".

Clothing prices increased by 1.8 per cent year-on-year, housing by 1.5 per cent, and real estate and property services by 0.8 per cent.

On the other hand, prices in transport and communications fell by 2.1 per cent year-on-year, with fuel accounting for a major part of it as its prices fell 9 per cent.

The overall inflation for the first seven months of the year was 2.3 per cent year-on-year.

( With inputs from IANS )

Open in App

Related Stories

International18 Thai workers in Israel illegally arrested

InternationalFormer Additional Solicitor General of India backs stronger international commercial courts for business growth

NationalFirst phase of Bihar Assembly Elections today in 18 districts

InternationalIsraeli Defense Minister vows to "disarm Hamas and demilitarise Gaza"

InternationalUAE supports efforts to implement humanitarian truce, achieve immediate ceasefire in Sudan

International Realted Stories

InternationalMamdani ‘excited’ to be immigrant mayor, but on tough road to afforability goal

InternationalPhilippines reels after Typhoon Kalmaegi kills 85, dozens still missing

InternationalSri Lankan Opposition leader backs India's bid for permanent UNSC seat

InternationalUS airspace faces restrictions as government shutdown enters its 36th day

InternationalTrump walks back fedal funding warning, says he'll help Mamdani "a little bit" in New York